Black Diamond Group Limited (TSE:BDI - Free Report) - Equities research analysts at Cormark issued their FY2024 earnings estimates for shares of Black Diamond Group in a report released on Wednesday, December 18th. Cormark analyst K. Mcphee forecasts that the company will post earnings of $0.41 per share for the year. Cormark has a "Moderate Buy" rating on the stock. The consensus estimate for Black Diamond Group's current full-year earnings is $0.53 per share. Cormark also issued estimates for Black Diamond Group's FY2025 earnings at $0.39 EPS and FY2026 earnings at $0.59 EPS.
Separately, Raymond James boosted their price target on Black Diamond Group from C$12.00 to C$14.00 and gave the stock a "strong-buy" rating in a research report on Monday, August 26th.
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Black Diamond Group Stock Up 0.3 %
BDI traded up C$0.03 on Monday, hitting C$9.42. 24,377 shares of the company were exchanged, compared to its average volume of 58,543. The stock's fifty day moving average is C$9.07 and its 200-day moving average is C$9.03. Black Diamond Group has a 12 month low of C$7.40 and a 12 month high of C$10.27. The company has a debt-to-equity ratio of 84.84, a quick ratio of 1.05 and a current ratio of 1.18. The company has a market cap of C$564.35 million, a PE ratio of 19.63 and a beta of 1.54.
Insider Activity at Black Diamond Group
In related news, Senior Officer Michael Lenard Ridley sold 9,329 shares of Black Diamond Group stock in a transaction dated Friday, December 13th. The shares were sold at an average price of C$9.37, for a total transaction of C$87,412.73. Also, Senior Officer Tobias Gerald Labrie sold 15,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$9.40, for a total transaction of C$141,000.00. In the last ninety days, insiders sold 49,049 shares of company stock worth $460,652. Insiders own 23.83% of the company's stock.
Black Diamond Group Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.49%. This is a boost from Black Diamond Group's previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 31st. Black Diamond Group's dividend payout ratio is presently 25.00%.
About Black Diamond Group
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Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.
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